16
Jun
14:58
Seaborne iron ore firms despite Samarco delay
Seaborne iron ore prices ticked up just a few cents on Thursday as Chinese steel and iron ore futures recovered but steel demand continued to fall. Confirmation that Samarco will not produce again this year was positive but there is still plenty of supply around.
The Kallanish index for 62% Fe Australian fines rose by $0.16 to $48.84/dry metric ton cfr Qingdao. There were no deals transacted on the major platforms. 170,000 tonnes of PB fines sold in tender on We…
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Anonymous
Very good overview of the weekly steel market.
Anonymous